Revenue share for borrowing interest

Summary

Interest payments on Exchequer borrowings required 14.8% of revenue in 1976, 15.9% in 1977 and an estimated 16.9% in 1978.

John M. Kelly Mr. Kelly Fine Gael

asked the Minister for Finance, in relation to the address by the Taoiseach to the Leinster Society of Chartered Accountants on 1 November 1978, the proportion of each £1 of revenue collected in the year 1976, 1977 and 1978 (estimated) that is required for meeting interest payments due on Exchequer borrowings.

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George Colley Mr. Colley Fianna Fáil

The proportions, per cent, in the relevant years are: 1976, 14.8 per cent; 1977, 15.9 per cent; 1978 (estimate), 16.9 per cent.

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